Owens & Minor, O'Reilly Automotive And 2 Other Stocks Insiders Are Selling
Portfolio Pulse from Avi Kapoor
Insiders at Snap Inc., Levi Strauss & Co., Owens & Minor, and O'Reilly Automotive have recently sold shares. Insider sales can indicate concerns about a company's prospects or that the stock is overpriced. Notable sales include Snap's General Counsel selling 18,000 shares, Levi Strauss's Director selling 16,666 shares, Owens & Minor's CFO selling 10,568 shares, and O'Reilly Automotive's Director selling 3,000 shares.
June 05, 2024 | 12:08 pm
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NEGATIVE IMPACT
Levi Strauss & Co.'s Director sold 16,666 shares at $23.94 each, totaling $398,984. This follows the appointment of Gianluca Flore as Chief Commercial Officer.
The insider sale by Levi Strauss's Director could suggest concerns about the stock's valuation or future performance, despite recent executive changes.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Owens & Minor's CFO sold 10,568 shares at $17.76 each, totaling $187,688. This follows the company's report of a strong first-quarter adjusted EPS.
The insider sale by Owens & Minor's CFO could indicate concerns about the stock's future performance, despite a strong first-quarter earnings report.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
O'Reilly Automotive's Director sold 3,000 shares at $962.45 each, totaling $2.89 million. This follows an analyst's price target increase for the stock.
The insider sale by O'Reilly Automotive's Director could suggest concerns about the stock's valuation or future performance, despite a recent price target increase by an analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Snap Inc.'s General Counsel sold 18,000 shares at $15.01 each, totaling $270,241. This sale comes as Snap invests in AI and machine learning to enhance Snapchat.
The insider sale by Snap's General Counsel could indicate concerns about the company's stock price or future prospects, despite ongoing investments in AI and machine learning.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80